Why Ice Floats. A substance floats if it is less dense, or has less mass per unit volume, than other components in a mixture. For example, if you toss a handful of rocks into a bucket of water, the rocks, which are dense compared to the water, will sink. The water, which is less dense than the rocks, will float.
What is the effective annual rate? 2) You want to buy a new sports car from Muscle Motors for $53,000. The contract... show more 1) Big Dom's Pawn Shop charges an interest rate of 16 percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers.
To determine the APR and APY on accounts with compounding interest, start with the interest rate per compounding period â again, in this case that means per day. Target Corp. offers a credit card that levies interest of 0.06273% daily. Multiply that by 365, and thatâs 22.9% per year, which is the advertised APR.